Celestica (NYSE:CLS) Shares Up 2% – What’s Next?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) shot up 2% on Wednesday . The company traded as high as $358.15 and last traded at $345.8410. 1,698,130 shares traded hands during trading, a decline of 31% from the average session volume of 2,461,962 shares. The stock had previously closed at $339.13.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLS. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and raised their price objective for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Bank of America raised their price objective on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 20th. BMO Capital Markets raised their price objective on shares of Celestica from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Citigroup raised their price objective on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average target price of $427.42.

Celestica Stock Up 2.0%

The business’s fifty day moving average price is $335.78 and its 200 day moving average price is $316.59. The firm has a market capitalization of $39.76 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 0.80 and a beta of 2.09. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. On average, equities analysts expect that Celestica, Inc. will post 9.5 EPS for the current year.

Hedge Funds Weigh In On Celestica

Several institutional investors have recently bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Celestica in the 4th quarter valued at $28,000. Ascentis Independent Advisors acquired a new position in Celestica in the 1st quarter valued at $29,000. Swiss RE Ltd. acquired a new position in Celestica in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica in the 4th quarter valued at $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica in the 4th quarter valued at $31,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.